St Louis home prices and sales decline in September; Prices up 4.6 percent in past year

dennis-norman-st-louis-realtor-

The National Association of REALTORS® (NAR) announced this morning that U.S. existing home sales, and prices, slipped slightly in September, falling 1.7 percent from the month before however were up 11 and 11.3 percent, respectively,  from the year before.  The St. Louis Real Estate market, as the charts below show, we see slightly different data, at least for the 5-county core St Louis Real Estate area I’m showing (the City of St Louis and the Counties of St Louis, St Charles, Jefferson and Franklin).  In this core area, which makes up the bulk of the Saint Louis real estate market,  home prices fell 7.6 percent in September, from the month before,  to a median price of $121,884 and home sales slid over 20 percent to 2,428 homes sold in September, down from 3,045 in August.   On a year-over-year-basis, the St. Louis real estate market did better, with home prices increasing 4.6 percent from $116,500 in September 2011 to $121,884 in September 2012 and sales only slipping slightly from 2,439 homes sold in September 2011 to 2,428 homes sold in September 2012.   If you would like to receive a free copy of the NAR home sales report please click here for immediate access.

 

 

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